Equity Market extends losing streak to two consecutive days. Shed 0.77%.

210 Views

The Equity Market closed lower today, shedding 0.77%, extending yesterday’s negative sentiment. The downturn was due to lower performance of industrial goods sector among others. The Market breadth closed negative, recording 11 gainers against 27 losers.

NSE Trading Floor

In summary, the All Share Index (ASI) was down by 272.27 absolute points, representing an decrease of 077%, closing at 35,086.67 points. Similarly, the Market Capitalization was down by N99.40 billion, representing an decrease of 0.77%, closing at N12.81 trillion.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; DIAMONDBNK (-9.35%), FO (-7.83%), ACCESS (-3.16%), OANDO (-2.78%), GUARANTY (-2.69%), DANGFLOUR (-2.45%), DANGSUGAR (-2.45%), ZENITHBANK (-1.59%),  DANGCEM (-0.44%), ETI (-0.25%) and FLOURMILL (-0.22%).

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N306.15 against yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N362.50, traded high at N364.00 and eventually closed at N362.32, representing 0.20% appreciation against yesterday’s closing price. A total of $131.82 million was transacted through the I&E window today.

We expect the FX Market to trade within existing range in the next session.

 

MONEY MARKET

Overnight (O/N) rate closed at 11.67%, representing a 0.08% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate  closed  at 10.67% representing a 0.08% appreciation against yesterday’s closing position.

We expect the Money Market to trade within existing range in the next session.

 

Sector Performance

Sector %    Change
NSE30 -0.78
BANKING -1.77
CONGLOMERATE -1.10
CONSUMER GOODS 0.20
INDUSTRIAL -2.30
INSURANCE -1.48
LOTUS ISLAMIC -0.24
OIL/GAS -0.80

 

Top 7 Gainers                                                                                      Total Number of Gainers  (11)

Company Pclose Open Close Change % Change
NEM 3.00 3.00 3.30 0.30 10.00
LIVESTOCK 0.54 0.54 0.59 0.05 9.26
JAPAULOIL 0.25 0.25 0.27 0.02 8.00
AIICO 0.70 0.70 0.75 0.05 7.14
GUINNESS 90.00 99.00 95.00 5.00 5.56
WAPIC 0.34 0.34 0.35 0.01 2.94
HONYFLOUR 1.60 1.60 1.62 0.02 1.25

 

Top 7 Losers                                                                                           Total Number of Lossers  (27)

Company Pclose Open Close Change % Change
MANSARD 2.55 2.55 2.30 -0.25 -9.80
INTENEGINS 0.42 0.42 0.38 -0.04 -9.52
DIAMONDBNK 1.39 1.39 1.26 -0.13 -9.35
PRESTIGE 0.57 0.57 0.52 -0.05 -8.77
FO 21.70 21.70 20.00 -1.70 -7.83
WAPCO 25.50 25.50 23.70 -1.80 -7.06
FIRSTALUM 0.33 0.33 0.31 -0.02 -6.06

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
UBA                       57,119,293.00                 452,330,846.55 8.10
NEM                       45,250,682.00                 131,655,914.50 3.30
ACCESS                       30,738,098.00                 281,118,352.10 9.20
DIAMONDBNK                       17,203,174.00                   21,705,676.48 1.26
FCMB                       16,388,995.00                   29,523,539.69 1.80
GUARANTY                       15,418,966.00                 585,882,408.35 38.00
NB                       10,208,679.00              1,020,860,651.60 100.00

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
NB                       10,208,679.00              1,020,860,651.60 100.00
GUARANTY                       15,418,966.00                 585,882,408.35 38.00
UBA                       57,119,293.00                 452,330,846.55 8.10
GUINNESS                         3,508,759.00                 334,206,044.20 95.00
ACCESS                       30,738,098.00                 281,118,352.10 9.20
NEM                       45,250,682.00                 131,655,914.50 3.30
ZENITHBANK                         5,465,849.00                 119,139,449.25 21.65

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *